Market Overview
Home Prices in Alcoa, TN
The median home value in Alcoa, TN is $325,206 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.4% compared to a year ago and up 2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Alcoa are priced21% below average. Alcoa is part of the Knoxville, TN metro area.
Over the past five years, Alcoa home values have risen by approximately45.3%, reflecting strong long-term appreciation in this market.
Price History
Alcoa Home Price Trend
2020
$190,229
$190K
—
2021
$223,885
$224K
+17.7%
2022
$271,851
$272K
+21.4%
2023
$293,714
$294K
+8.0%
2024
$314,368
$314K
+7.0%
2025
$320,747
$321K
+2.0%
2026
$325,206
$325K
+1.4%
City Comparison
Alcoa vs. National Median
🏠 Alcoa
$325,206
National Median
$410,000
At $325,206, homes in Alcoa cost 21% below the national median of $410,000. This makes Alcoa a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Alcoa?
20% Down Payment
$65,041
on $325,206
Monthly P&I
$1,696/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,154/mo
incl. taxes & insurance
Income Needed
$86,160
gross annual (30% rule)
10% Down Option
$32,521
+ PMI applies
Loan Amount (20% dn)
$260,165
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Alcoa, TN?
The median home value in Alcoa is $325,206 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.4% year-over-year.
How much have home prices changed in Alcoa?
Over the past year, home values in Alcoa have increased by 1.4%. Over five years, prices have risen approximately 45.3%.
How much do I need to earn to buy a home in Alcoa?
To comfortably afford the median home price of $325,206 with a 20% down payment ($65,041) at today's rates (6.8%), you'd need a gross annual income of approximately $86,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Alcoa compare to the national average home price?
The national median home value is approximately $410,000. At $325,206, homes in Alcoa are 21% below the national average.
What metro area is Alcoa part of?
Alcoa is part of the Knoxville, TN metropolitan area. Home prices and market conditions can vary across the broader metro region.